Tag: Progress

We trained hard ... but every time we were beginning to form into teams, we would be reorganised. I was to learn later in life that we tend to meet new situations by reorganising ... and a wonderful method it can be for creating the illusion of progress while producing confusion, inefficiency, and demoralisation Petronius Arbiter

"Business model" is one of those terms of art that were central to the Internet boom; it glorified all manner of half-baked plans. All it really meant was how you planned to make money. The "business model" of Microsoft, for instance, was to sell software for 120 bucks a pop that cost fifty cents to manufacture. The "business model" for Healtheon was to add a few pennies to every bill or order or request that emanated from a doctor's office. The "business model" for Netscape was a work in progress; no one ever really did figure out how to make money from Netscape; in its brief life Netscape had lost money. The "business model" of most Internet companies was to attract huge crowds of people to a Web site, and then sell others the chance to advertise products to the crowds. It was still not clear that the model made sense Michael Lewis